UPDATE 1-Brazil reinstates IOF tax on state bank BNDES loans
September 01, 2015 at 11:27 AM EDT
BRASILIA/SAO PAULO, Sept 1 (Reuters) - The Brazilian government on Tuesday reinstated a 1.5 percent financial transaction tax on loans from state development bank BNDES , part of efforts to discourage subsidized lending and narrow the country's swelling budget deficit.